Feeders outpace competition to fill capacity
The end of the financial year has not deterred producers from offloading stock this week, with yarding numbers holding firm at a touch over 43, 500 head. Last week’s slaughter also continued to rise, up 9% on the previous week and 25% on the same week in 2022. For just the second week this year, […]
Spirits dampened by another cheaper market
Rain may have kept some lambs away from the saleyard, but this week buying interest was weak for the quality and weights on offer. Additionally, the market was burdened by wintry lambs in the southern regions, resulting in price indicators hitting their lowest points since 2013/14. The Eastern States Trade Lamb Indicator (ESTLI) experienced another […]
How did this year end up for Wool?
The 2022/23 Australian wool season for the most part stood resilient in the face of the uncertainty and supply-driven pressures that have impacted the price fortunes of other agricultural commodities. On the auction floor this year, buyers were met with significant supply and a lower proportion of low VM wool. Conversely, sellers were wading against […]
Corn, coups and commodity collapse
What. A. Week! The past seven days have had a little bit of everything. Wheat saw a classic ‘short covering rally’ which resulted in a steep rally in most agricultural commodities based on the drought-like conditions in the US. Then over the weekend, one of two major price drivers happened. Firstly, the US weather turned […]
